Jul 4, 2015

A local gem merchant successfully bid 801,000 euros on a pair of rough rubies valued at 600,000 euros at an auction at the 52nd Gems Emporium on Naypyitaw, according to Win Hlaing, the deputy assistant director for the department of gems and jewellery sales centre.

“A Mongshu ruby was bought for 370,000 euros, making it the second-highest bid price,” the deputy assistant director said.